Eurozone inflation drops to 0.3%

July dip,11.5% jobless rate worry European Central Bank

BALINT PORNECZI
Credit: Bloomberg News
Job seekers stand at computer terminals inside a job center Thursday in Cahors, France. Unemployment in the eurozone in July was 11.5 percent, the European Union’s statistics agency said Friday.

Inflation in the eurozone continued to decline in August while unemployment hovered near record-high levels, according to official data released Friday, reinforcing expectations that the European Central Bank would soon take more forceful action to prevent a downward price spiral.